Project Cost Manager

This is a fully remote position, open to applicants in Texas.

📋 Description

• Collaborate with Construction Managers and Project Management teams regarding project expenses, financial exposure, and associated risks.

• Monitor and report on budget status, actual expenditures, projected costs, changes in scope, and overall financial performance.

• Identify potential cost risks and opportunities, recommending proactive financial strategies.

• Maintain stringent cost controls over labor, expenses, subcontractor charges, and other financial outlays.

• Review cost reports from general contractors and verify project financial data.

• Reconcile actual costs with the Guaranteed Maximum Price (GMP), Schedule of Values, approved budgets, and project commitments.

• Provide support for contract administration, covering retention, terms and conditions, insurance requirements, allowances, contingencies, and incentives.

• Track change orders, invoices, payments, lien releases, and necessary documentation.

• Organize and engage in change control, cost review, and financial meetings.

• Assist in the preparation and administration of monthly pay applications.

• Develop and sustain internal project cost reporting packages.

• Create project progress and cost reports for stakeholders and leadership review.

• Aid in quarterly and fiscal year-end analysis, forecasting, accruals, and project status verification.

• Monitor cost impacts, approvals, commitments, and forecast adjustments in change management procedures.

• Track performance against budget and forecasts, escalating any variances or emerging risks.

• Ensure financial documentation is accurate, current, complete, and ready for audit.

• Assist the Construction team with cost analysis, reporting, forecasting, and financial planning.

⛳️ Requirements

• Bachelor’s degree in Finance, Business, Construction Management, Engineering, or a related field is preferred.

• A minimum of 3+ years of pertinent experience in project cost management, project controls, construction finance, or a related area.

• Experience in forecasting, cost reporting, change management, accruals, and earned value analysis.

• Strong grasp of construction cost control principles and project financial management.

• Experience in reviewing project budgets, cost reports, commitments, invoices, change orders, and forecasts.

• Familiarity with GMP structures and Schedules of Values is preferred.

• Experience in supporting contract administration and change control processes.

• Excellent analytical, problem-solving, and financial reporting capabilities.

• Ability to identify cost trends, variances, and risks, and effectively communicate findings to project stakeholders.

• Strong attention to detail with the ability to maintain accuracy across various projects and competing priorities.

• Capability to operate efficiently in a fast-paced environment and manage multiple deadlines concurrently.

• Strong written and verbal communication skills.

• Proficiency in Microsoft Office Suite, especially Excel, Word, Outlook, and PowerPoint.

• Experience with Microsoft Project or similar project management/project control tools is preferred.

• Background in construction, real estate development, mission-critical operations, or data centers is preferred.

• Ability to work independently in a remote setting.

• Willingness to travel up to 30% based on business and project requirements.

🏝️ Benefits

• Competitive salary with incentive opportunities.

• Coverage for medical, dental, and vision needs.

• Life and disability insurance programs.

• Options for voluntary benefits.

• Generous paid time off.

• Educational assistance and tuition support.

• Retirement and savings plans.

• Remote work arrangements.